Morarka Finance Board recommends ₹1.5 dividend, adopts Q4 results, CEO becomes MD

Morarka Finance's Board of Directors met on April 23, 2026, taking several key decisions. These included the adoption of audited standalone financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of ₹1.5 per equity share (15%), subject to shareholder approval at the 41st Annual General Meeting (AGM) scheduled for July 15, 2026, with July 8, 2026, as the record date. Ms. Kalluri Savitha Rao resigned as Non-Executive Director, and Mr. Satyaprakash Maheshwari was appointed as Internal Auditor. Significantly, Mr. Pranay G. Morarka transitioned from Chief Executive Officer (CEO) to Managing Director (Additional Director) for a five-year term, effective April 24, 2026, pending shareholder approval. The Nomination & Remuneration Committee was also reconstituted.